Drake paragraphs 2

• Consequence 1: the increased prosperity of investors
• Consequence 1:

  The increased prosperity of investors was the main consequence of Drake’s circumnavigation. Queen Elizabeth I was a great supporter of the voyages of exploration that set sail from England during her reign. Their aim was clear: to increase the wealth, power, and territory of England. Drake returned with an estimated £480 million worth of treasure captured from the Spanish, in today's money. Queen Elizabeth I received a half-share of the money, which was more than her entire income for the whole year.
• Consequence 1:

  Arguably for Elizabeth, Drake's circumnavigation also had significant national implications. It asserted England's presence on the global stage, challenging Spain's dominance in the Age of Exploration. Drake’s audacious raiding of Spanish colonies and capture of Spanish treasures bolstered England's prestige and inspired future exploration endeavours.
• Consequence 1:

  The glory and riches of exploration also helped contribute to the propaganda image of Elizabeth as a magnificent and powerful queen whose gender did not stop her leading England to be a powerful and aggressive nation, competing for global power and influence with the Spanish.  Moreover, the voyage of discovery made Drake’s investors – including members of the Privy Council such as the Earl of Leicester, Sir Francis Walsingham, and Sir Christopher Hatton – a fortune on their return because for every pound invested into Drake’s venture, it returned 47.
• Consequence 1:

  Arguably, the individual who benefited most was Drake himself. The Queen knighted Drake on board of the Golden Hind and he not only had the Queen’s permission to take an extra £10,000 of gold for himself, but she gave him permission to buy Buckland Abbey in Devon.  It made him one of the richest men in the country and a national hero.  Drake was a man who started from humble beginnings, but through his voyage, brought great wealth to the merchants, nobles and monarch who sponsored his voyage that elevated him through the Elizabethan social hierarchy.    
• Consequence 2: increase in maps encouraged new voyages
• Consequence 2:

   

  Another consequence of Drake’s circumnavigation was the creation of new maps and routes. Drake kept accurate records, a diary and journal which took full advantage of the new technology including the rutter and the astrolabe to plot his journey.  He also famously questioned navigators of captured ships, seizing their charts. Future explorers would use Drake’s maps particularly during the period of colonisation.
• Consequence 2:

  Drake took advantage of plundering the Nuestra Señora de la Concepción not just for its wealth and treasures but also took its Captain as prisoner aboard the Golden Hind who provided additional knowledge that were added to Drake’s maps. Moreover, Drake’s discovery of the Drake passage from South America to Antarctica also made it far easier for future voyages to navigate around South America and thus trade opportunities increased. 
• Consequence 2:

  The journey involved various scientific observations and discoveries with many of Drake's crew creating detailed navigational charts, collected botanical specimens, and documented their findings, contributing to the expanding knowledge of geography and natural history. Even though, Drake didn’t have many other successful voyages during the rest of his lifetime, the increase of maps as a result of the circumnavigation as they contributed to England's naval supremacy which led to the rise of the trade in enslaved people and the success of the British Empire. 
• Consequence 3: the new interest in colonisation
• Consequence 3:

  Drake’s circumnavigation also helped to set up Britain as an international imperial and trading power and fuelled a new interest in colonisation in the Americas. By October 1580, a new expedition was already being planned to exploit the knowledge gained and inspired by Drake’s voyage and entrepreneurs competed in planning projects to take over the Portuguese trade with the Moluccas or for more raids to steal Spanish colonies in the Pacific. 
• Consequence 3:

  However, King Philip II reinforced his territories with more colonists and troops which resulted in English expeditions to South America in the early 1580s failing, and English ambitions turned increasingly to North America instead. Colonisation was becoming an aim of Queen Elizabeth I through Walter Raleigh, whose attempts to set up colonies in Virginia failed during Elizabeth’s lifetime, but four years after her death, the first successful and permanent English colony was set up at Jamestown.
• Consequence 3:

  This was the first of the British colonies which would grow into the British Empire which came to cover one quarter of the world’s land surface at its peak.  
• Consequence 4: King Philip II reaction
• Consequence 4:

  A more important immediate consequence of the voyage was the reaction of King Philip II. The voyage had shown how vulnerable his empire was in South America where he thought he was untouchable - a shock. Phillip II reinforced these Spanish territories with more colonists and troops. This ultimately meant English expeditions to South America in the early 1580s failed. Further to this, Drake’s negotiations with the Maluku people challenged the Portuguese buying of spice in these islands.
• Consequence 4:

  Inspired by Drake’s voyage, many entrepreneurs competed to plan projects to take over the Portuguese trade with the Moluccas or to raid and plunder Spanish colonies in the Pacific. Therefore, a key consequence of the voyage was that other explorers has the confidence to challenge Spanish control causing King Phillip great anger.
• Consequence 4:

  Moreover, Elizabeth’s support for Drake, despite being secret, was an open insult to the Spanish in particular; Elizabeth knighting Drake with the French Ambassador present showed Elizabeth’s views of the Spanish clearly. This established high tensions and suspicions between Spain and England throughout the 1580s.  
• Consequence 5: a huge increase in wealth
• Consequence 5:

  Arguably, the key consequence of the circumnavigation was the wealth gained through plundering Spanish treasures in South America. Queen Elizabeth I was a great supporter of the voyages of exploration that set sail from England during her reign. Their aim was clear: to increase the wealth, power, and territory of England; this is perhaps the easiest indicator of the success of the circumnavigation. For those aboard the Golden Hind, Drake’s investors and Elizabeth, the circumnavigation delivered great riches. 
• Consequence 5:

  The raid on Callao in the port of Lima and capture of Nuestra Senora de la Conception for instance yielded £480 million in today’s money. He brought back gold, silver and jewels and all of Drake’s investors were delighted. The Queen’s share was more than half her income for a whole year. Therefore, as a result, such wealth became irresistible to Elizabeth who knighted Drake on his return, practically legitimising his piratical activities.
• Consequence 5:

  This meant that his achievements were admired, and possibilities opened up thereafter for others who heard about the legendary Drake; the second only European to make the journey and first to survive. Furthermore, Elizabeth’s reputation and standing was boosted which deepened rivalry and leading onto The Armada in 1588 showing the plundering of Spanish treasure having a sustained long-term effect.